secwatch.observer — SEC 8-K summary
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Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001903596-22-000439
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

New Peoples Bankshares appoints E. Stephen Lilly to board of directors
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- E. Stephen Lilly, a 40-year community banker, appointed as director of the Company and New Peoples Bank, effective June 30, 2022.
- He served as EVP and COO of First Community Bancshares for 23 years through 2020; holds board memberships with WV Bankers Assoc and Fed Reserve Payments Advisory Board.
- Expected to be nominated to Technology, Audit and Risk, and Compensation committees; initial term extends to 2023 annual meeting.
- Compensated per Company’s director compensation policy; no reportable related party transactions since Jan 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000190359622000439/0001903596-22-000439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000190359622000439/sfsnwpp8k070722.htm
  HTML page:      https://secwatch.observer/filing/0001903596-22-000439

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